Indigo Exploration Inc. announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.06 per unit for gross proceeds of up to CAD 600,000 on February 9, 2023. Each unit will be comprised of one common share and one half warrant. Each whole warrant will entitle the holder thereof to purchase one common share for a period of 2 years at a price of CAD 0.10.

The units will be offered to qualified purchasers. All securities issued and sold under the transaction will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the transaction remains subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.